SF 192

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 09:34am

A bill for an act
relating to unemployment insurance; adopting a temporary change to experience
rating period.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin CALENDAR YEAR 2021 TEMPORARY EMPLOYER EXPERIENCE
RATING.
new text end

new text begin For calendar year 2021, the experience rate computed for each taxpaying employer under
Minnesota Statutes, section 268.051, subdivision 3, that was required to file wage detail
reports for the 12-month period ending June 30, 2019, is the ratio obtained by dividing 125
percent of the total unemployment benefits required under Minnesota Statutes, section
268.047, to be used in computing the employer's tax rate during the 48 calendar months
ending on June 30, 2019, by the employer's total taxable payroll for that same period. Any
taxpaying employer that does not qualify for a calendar year 2021 experience rate under
Minnesota Statutes, section 268.051, subdivision 3, must be assigned a tax rate in accordance
with Minnesota Statutes, section 268.051, subdivision 5, except that the average experience
rating for the employer's industry must use the period specified in this section.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 2. new text begin TAXABLE WAGES FOR CALENDAR YEAR 2021.
new text end

new text begin Notwithstanding Minnesota Statutes, section 268.035, subdivision 24, for calendar year
2021, "taxable wages" means those wages paid to an employee in covered employment for
up to an amount equal to $35,000.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end